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Samsung, EV and Stellantis

The Verge on MSN · 16h

Stellantis and Samsung to get $7.54 billion federal loan for two EV battery factories

The Department of Energy preliminarily approved another loan to help fund the construction of electric vehicle battery factories in the US. This time, a joint venture between Stellantis and Samsung SDI will receive $7.

Newsweek on MSN · 1d

US Loans Stellantis, Samsung Venture $7.54B to Build EV Battery Plants

The Department of Energy announced a $7.54 billion loan commitment to a Stellantis and Samsung SDI joint venture to build EV battery plants.

UPI News on MSN · 1d

U.S. Energy Department unveils $7.54B loan for Samsung, Stellantis EV battery plant

DOE says a multi-billion dollar loan will jumpstart a joint project in Indiana between Stellantis and Samsung to aid battery production for the rapidly-expanding electric vehicle industry.

USA Today · 1d

US Department of Energy plans $7.5B loan to Stellantis, Samsung for battery plants

The U.S. Energy Department said Monday it plans to lend up to $7.54 billion to a joint venture of Chrysler parent Stellantis and Samsung SDI to help build two electric vehicle lithium-ion battery plants in Indiana.

Bloomberg on MSN · 1d

Biden Offers $7.5 Billion for Samsung SDI-Stellantis Battery Hub

A joint venture between Samsung SDI Co. Ltd. and Stellantis NV to create battery manufacturing plants in Indiana is being offered $7.54 billion in financing from the Biden administration.

GM sells stake in EV battery plant

Wall Street Journal · 19h

GM to Exit Michigan EV Battery Plant

The automaker plans to sell its stake to joint-venture partner LG Energy, the latest pullback in its electric-car investments.

The Verge on MSN · 1d

GM sells stake in EV battery plant to partner LG Energy Solutions

General Motors is selling its stake in an electric vehicle battery facility to its partner LG Energy Solutions, the automaker announced Monday. The nearly completed factory in Lansing, Michigan, was being developed by Ultium Cells LLC,

General Motors Strikes Deal To Offload Battery Plant Stake To LG

General Motors (GM) announced Monday a shift in its electric vehicle (EV) strategy by agreeing to sell its share of

EV Battery Will Soon Be Cheaper To Replace Than Gas Engine: Report

According to new research by Recurrent, a continuing downward trend in costs and an increase in energy density will lower the ...

18hon MSN

GM offloads its stake in EV battery factory to joint venture partner LGES

General Motors is selling its stake in the nearly completed Ultium Cells battery cell plant in Lansing, Michigan, to its ...

Decoding BaaS (Battery-as-a-Service): A game changer in EV segment

The EV market recently witnessed the roll-out of Battery-as-a-Service (BaaS), which aims to make owning an electric vehicle ...

Tennessee university to receive DOE funding for EV battery recycling project

Tennessee Tech University will develop a mobile preprocessing hub for EV batteries as part of a $4.8 million federal grant.

Tire Review Magazine22h

How electric vehicle power steering is used to extending EV battery life

Electric power steering systems are designed to be more energy-efficient compared to their hydraulic counterparts.

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